"Canada reported incredibly strong jobs data before the weekend. Canada grew 93.2k jobs, more than four times more than than market expected, and 50k of those were full time jobs. These are impressive numbers and they renew expectations that the Bank of Canada will raise rates when it meets again next week, even though there have been doubts in recent weeks about the trajectory of the world economy and the US economy in particular.

Canada created almost 233k jobs in Q2. Given that that US economy is roughly 10 times bigger it would be as if (proportionately) the US created a net 2.3 mln jobs. For the record, the US created 357k private sector jobs in Q2. In terms of full time jobs, Canada created 160k in Q2 after 47.5k in Q1 and 17.7k in Q4 09. Canada appears to be the first G7 country to completely recoup the jobs lost due the economic downturn."

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.

Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.